Forafric Global Balance Sheet Health
Financial Health criteria checks 1/6
Forafric Global has a total shareholder equity of $29.2M and total debt of $194.3M, which brings its debt-to-equity ratio to 665.3%. Its total assets and total liabilities are $309.5M and $280.2M respectively. Forafric Global's EBIT is $1.1M making its interest coverage ratio 0.1. It has cash and short-term investments of $24.0M.
Key information
665.3%
Debt to equity ratio
US$194.30m
Debt
| Interest coverage ratio | 0.08x |
| Cash | US$24.02m |
| Equity | US$29.21m |
| Total liabilities | US$280.24m |
| Total assets | US$309.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFRI's short term assets ($121.2M) do not cover its short term liabilities ($253.3M).
Long Term Liabilities: AFRI's short term assets ($121.2M) exceed its long term liabilities ($27.0M).
Debt to Equity History and Analysis
Debt Level: AFRI's net debt to equity ratio (583%) is considered high.
Reducing Debt: Insufficient data to determine if AFRI's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if AFRI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AFRI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:46 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forafric Global PLC is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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